Streaming giant Netflix sees shares plummet in extended trade, putting it on track for its worst day since 2012 as increased competition hits subscriber growth. The Nasdaq descends deep into correction territory as rate hike fears spook investors, but U.S. Treasury Secretary Janet Yellen tells CNBC inflation should fall back down towards 2 per cent later this year. Cryptocurrencies also take a hit, sinking to multi-month lows, with Bitcoin breaking below $40k. And U.S. Secretary of State Antony Blinken is set to meet his Russian counterpart Sergei Lavrov in Geneva, while Russia’s Ambassador to the EU tells CNBC in an exclusive interview that he hopes Washington will follow through on its security guarantees.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.